Tony Nicolosi, 53, is appointed the new President and CEO of Volvo Cars of North America, LLC (VCNA) effective immediately. He brings more than 26 years of Volvo experience with him, most recently as the president and CEO of Volvo Car Financial Services, LLC (VCFS). Tony will maintain the role as the President and CEO of VCFS (Volvo Cars Financial Services US). A successor will be subject for a future announcement.
"The U.S. market is vital for a strong Volvo Car Group and Tony proved he is a strong and motivated leader who will revitalize our U.S. operation. I am delighted Tony has accepted to lead our U.S. business," said Alain Visser, Senior Vice President Marketing, Sales and Customer Service at Volvo Car Group. “The U.S. is our largest market globally; VCNA’s success is vital to a larger transformation taking place at Volvo.”
Nicolosi joined Volvo in 1987. Prior to Volvo, Nicolosi worked as a Certified Public Accountant (CPA). He has worked in both the car and financial service side of the business and has a strong retail focus. Nicolosi has been acting President of Volvo Cars of North America since October 2013.
"The future for Volvo in the U.S. is bright and I'm honored to lead the brand in our largest market,” said Tony Nicolosi. “My priority is to build momentum with extensively refreshed product range, new four-cylinder Drive-E powertrains and V60 sports wagon. This will give us a great platform for the launch of the much anticipated all-new Volvo XC90.”
The U.S. is Volvo Car Group's largest market with 61,233 cars sold in 2013 through 314 dealerships throughout the country.